Common use of Voluntary Resignation or Termination for Cause Clause in Contracts

Voluntary Resignation or Termination for Cause. If the Employee's employment with the Company terminates as a result of the Employee's voluntary resignation which is not an Involuntary Termination or if the Employee is terminated for Cause at any time after a Change of Control, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the time of such termination.

Appears in 13 contracts

Samples: Control Severance Agreement (Cholestech Corporation), Change of Control Severance Agreement (Cholestech Corporation), Control Severance Agreement (Cholestech Corporation)

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Voluntary Resignation or Termination for Cause. If the Employee's ’s employment with the Company terminates as a result of the Employee's ’s voluntary resignation which is not an Involuntary Termination or if the Employee is terminated for Cause at any time after a Change of Control, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's ’s then existing severance and benefits plans and policies at the time of such termination.

Appears in 13 contracts

Samples: Control Severance Agreement, Change of Control Severance Agreement (XOMA Corp), Change of Control Severance Agreement (XOMA Corp)

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Voluntary Resignation or Termination for Cause. If the Employee's ’s employment with the Company terminates as a result of the Employee's ’s voluntary resignation which is not an Involuntary Termination or if the Employee is terminated for Cause at any time after a Change of Controltime, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's ’s then existing severance and benefits plans and policies at the time of such termination.

Appears in 10 contracts

Samples: Change of Control Severance Agreement (Pinnacle Systems Inc), Change of Control Severance Agreement (Pinnacle Systems Inc), Change of Control Severance Agreement (Pinnacle Systems Inc)

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